![[NY Luxury Market Report: 12/14 – 12/20/2020]](https://media-production.lp-cdn.com/cdn-cgi/image/format=auto,quality=85,fit=scale-down,width=1280/https://media-production.lp-cdn.com/media/kodqp4ihatssrrucxnqq)
A little slip last week as seventeen contracts were signed at $4 million and above compared to the previous week’s twenty-three contracts.
The No. 1 contract was 9C at 150 Charles Street for around $40 million. This duplex apartment has 5,698 square feet and includes 5 bedrooms and 5.5 bathrooms with gorgeous views of the Hudson River. There are two landscaped terraces which total 2,727 square-feet. It is one of the most expensive condos sold in Manhattan this year and the seller was billionaire Barry Sternlicht, CEO and co-founder of Starwood Capital Group. The amenities include a concierge, garage, a fitness center, 75-foot pool, children’s playroom, and 33,000 square-feet of landscaped garden space.
The No. 2 contract was a townhouse at 132 East 70th Street, asking $9.75 million. This 5-story, 20-feet wide home has 7,224 square-feet and an elevator, with the first two floors commercially-zoned.
As the end of the year approaches, the New York luxury real estate market has had a bumpy ride throughout the year, with the pandemic affecting the normalcy in the way people live their lives and do business. However, the fourth quarter of 2020 has seen a luxury market revival as 232 contracts were signed compared to 229 in 2019. A sure sign that more and more buyers are now betting on the future of the city.
